Tanzania's Public Service Social Security Fund just got crowned best in class for putting together clean financial statements, and the National Board of Accountants handed out the trophy for the social security category. The Drug Control and Enforcement Authority scored first place under government institutions, while Tanzania Ports Authority took the top spot for public corporations ahead of the Tanzania Petroleum Development Corporation and TANESCO.
NBAA boss Pius Maneno said 86 outfits submitted their books for review, and winners had to nail at least 75 percent out of 1,392 possible points while also getting an unqualified audit opinion. Deputy Finance Minister Laurent Luswetula told the winners to keep up the good work and pushed everyone else to step up their game.
The whole thing highlights how proper accounting prevents corruption and builds public trust when citizens can actually see where their tax money goes.
NBAA boss Pius Maneno said 86 outfits submitted their books for review, and winners had to nail at least 75 percent out of 1,392 possible points while also getting an unqualified audit opinion. Deputy Finance Minister Laurent Luswetula told the winners to keep up the good work and pushed everyone else to step up their game.
The whole thing highlights how proper accounting prevents corruption and builds public trust when citizens can actually see where their tax money goes.
